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REAL ESTATE

280,000 housing units by year-end
October 16, 2017

The Ministry of Housing and the Real Estate Development Fund (REDF) on Sunday announced the details of the 9th phase of the Sakani (housing) program covering 30,569 housing units and financing operations.

The ministry also signed 11 agreements with a number of real estate developers to carry out 13 housing projects within this phase.

In a press conference, the ministry and REDF revealed that housing units and subsidized financing operations"...

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The 2017 World Branding Awards sees 245 Winners from 32 Countries Awarded at Kensington Palace
October 13, 2017

(AETOS Wire)-- The fourth edition of the prestigious World Branding Awards saw 245 brands from 32 countries named “Brand of the Year” in a glittering ceremony held in the main entrance and Orangery at Kensington Palace today.

Global tier winners included Apple, Beijing Tong Ren Tang, BMW, Cartier, Club Med, Coca-Cola, Facebook, Google,"...

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Revamping the Icon - Sheraton Warsaw Hotel Undergoes Major Renovation
October 13, 2017

(AETOS Wire)-- Sheraton Hotels & Resorts, part of Marriott International, Inc. (NASDAQ:MAR), today announced the completion of the renovation of Sheraton Warsaw – the icon and flagship hotel for the brand in Poland. The renovation, which included all guest rooms and Sheraton Club Lounge, was led by London-based designer Alex Kravetz and draws on the property’s heritage and prestigious location on the corner of Three Crosses Square overlooking The Ujazdowski Park. Sheraton Warsaw offers 350 spacious rooms and suites, each of them beautifully transformed by Alex Kravetz who has created a truly residential look appealing to business people, high ranking diplomats and leisure travelers. The interiors offer a series of well-connected spaces where business and pleasure seamlessly combine. The rooms feature elements inspired by high-end residential projects such as multilevel soft lighting, luxurious fabrics and high-quality textures and finishes. Custom-designed......

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QNB Group, the Largest Bank in the Middle East and Africa, Delivers Another Record Results for Q3 2017
October 12, 2017

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2017, which is the highest in the history of QNB Group.

For the nine months ended 30 September 2017, net profit increased to QAR10.3 billion (USD2.8 billion), up"...

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Saudi Arabia plans to build $3bn new residential city
October 3, 2017

Saudi government has approved plans for a new city to be built at an investment of $3 billion featuring more than 10,000 homes, a culture and heritage tourist centre, technology and industry parks, a university and an airport at Taif region, said a report.

The project will come up over a 1,250-sq-km area on a site in the northeastern part of the existing city of Taif, with the tourist center an expansion of the popular Souq Okaz destination, reported"...

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Prince Faisal bin Salman inaugurates a SR100m real estate investment project for orphans of Madinah
September 26, 2017

Prince Faisal bin Salman, governor of Madinah and chairman of the board of directors of the Takaful Welfare Society for Orphan Care in Madinah, on Monday inaugurated a SR100 million ($26.7 million) real-estate investment project to help the orphans of Madinah and support the society which takes care of 13,000 orphans and 4,200 of their widowed mothers.
The prince also launched an empowerment project to enhance the skills of orphans and their mothers to ensure"...

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KONE Middle East and North Africa announces Social Media Competition
September 26, 2017

KONE, a global leader in the elevator and escalator industry, announces its 5th annual social media competition “Name the KONE Reference” in Middle East and North Africa. The KONE team invites you to have a look at the videos posted on the social media pages, KONE Middle East and North Africa on Facebook and KONE_MENA on Instagram and identify the popular KONE Middle East references in those videos.

“KONE"...

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Saudi Arabia unveils new schemes to boost real estate
September 25, 2017

The Saudi Ministry of Housing has launched a series of programmes and initiatives to help achieve the kingdom's Vision 2030 and the National Transformation Program (NTP) 2020.

The directives from the ministry are aimed at giving citizens the opportunity to own properties, improve the performance of the real estate sector and increase its production besides promoting real estate offers, and increase productivity to provide real estate properties in"...

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